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AWS doubles down on optimization, reducing customers’ cloud cost

February 3, 2023

Via: CIO Dive
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Despite contracting growth, AWS revenue buoyed its parent company’s overall performance for the year. Amazon posted a net loss of $2.7 billion, as compared to net gains of $33.4 billion in 2021.

In contrast, AWS segment sales increased 29% year-over-year to $80.1 billion, yielding $22.8 billion in operating income, up from $18.5 billion the previous year.

“Our new customer pipeline remains healthy and robust, and there are many customers continuing to put plans in place to migrate to the cloud and commit to AWS over the long term,” Olsavsky said, while acknowledging AWS’s year-over-year revenue growth was in the mid-teens in January.

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